On the horizontal axis of a graph, generally
A) values increase from left to right.
B) values increase from right to left.
C) values can be positive and/or negative.
D) Both answers A and C are correct.
D
You might also like to view...
Why can exchange rates be very volatile?
What will be an ideal response?
During October and November 2008, gasoline prices were falling dramatically, making travel by car less expensive but air travel prices were as high as ever. What is TRUE about consumer preferences, possibilities, or choices?
A) The relative price of air travel in terms of travelling by car decreases. B) If travelling by car is a normal good, both the substitution and income effects would lead to a decrease in travelling by car. C) The consumers' budget line would shift outward and its slope would not change. D) If air travel is a normal good, both the substitution and income effects would lead to an increase in air travel.